Infrastructure India
PE investors to part exit as India's Sadbhav Infra files for IPO
Sadbhav Infrastructure Project (SIP), an Indian road and highways project developer, is looking to raise at least INR6 billion ($97 million) through an IPO, providing a partial exit for PE backers Xander and Norwest Venture Partners.
LPs seek co-investment with IDFC
LPs were clear in what they wanted from IDFC Alternatives. Alongside commitments to the Indian GP's latest infrastructure fund there was a strong desire for co-investment. As a result, the $900 million corpus of the recently closed India Infrastructure...
Indian infrastructure: Bargain basement
Indian infrastructure has fallen out of favor with investors as the fallout from pre-2009 excesses lingers. However, new opportunities in old deals have some private equity players thinking twice about the sector
Time to switch over: India's television market
The digitization of the Indian TV industry should deliver a more transparent system and an effective subscription model. PE firms can help with the infrastructure investment required to get there.
Kotak Mahindra reaches $90m first close on India infra fund
Kotak Mahindra has reached a first close on its infrastructure fund with commitments of $90 million. Japan's Sumitomo Mitsui Banking Corporation (SMBC) and Brookfield Asset Management have come in as cornerstone investors.
Macquarie, SBI to buy majority stake in GMR Jadcherla Expressways
Macquarie SBI Infrastructure Fund (MSIF) has agreed to buy a 74% stake in GMR Jadcherla Expressways from Bangalore-based infrastructure major GMR Group.
Macquarie targets $1b fund for South, Southeast Asia - report
Macquarie Capital is said to be targeting $1.1 billion for its new fund focusing on South and Southeast Asia.
PE-backed Bharti Infratel completes $763m IPO
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, has raised around INR4.17 billion ($763 million) in India’s biggest IPO in two years.
Standard Chartered PE commits $37m to India's Sparkle Ocean
Standard Cartered Private Equity (SCPE) has purchased a minority stake in Hyderabad-based port and operations and management company Ocean Sparkle for INR2 billion ($37 million).
Power play: India’s power sector
Private equity investors are less bullish on India’s power sector in the light of widespread negative investor sentiment, but lower valuations and long-term fundamentals still offer attractive entry points
IDFC reaps 2x on Gujarat Pipavav partial exit
IDFC Alternatives has sold off more than 4% of Indian container terminal Gujarat Pipavav Port for $18.7 million, reaping a money multiple of 2x on its initial investment.
Goldman, Temasek to part-exit Bharti Infratel via $1b IPO
Goldman Sachs, Temasek and Nomura are among the investors planning to offload part of their shareholdings in the mobile phone tower unit of Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, which has filed for an IPO.
SBI, Macquarie pump $150m into Ashoka Buildcon unit
Two private equity funds managed jointly by State Bank of India and Macquarie Bank of Australia have agreed to invest $150 million in the road construction division of Indian roads and bridges operator Ashoka Buildcon.
Jacob Ballas injects $38m in Marg Karaikal Port
Private equity firm Jacob Ballas Capital has provided Marg Karaikal Port, a unit of infrastructure and real estate company MARG, with a $38 million cash boost.
IDFC Project Equity to launch second infrastructure fund
IDFC Project Equity, a subsidiary of Infrastructure Development Finance Company (IDFC), will launch its second India infrastructure fund later this year.
Hinduja unveils $500m infra vehicle - report
The Hinduja Group, the diversified conglomerate founded in Mumbai by the Hinduja family, reportedly plans to establish a $500-million fund that will invest in Indian infrastructure projects.
Paracor to launch $200m real estate fund
Mauritius private equity firm Paracor Capital Advisors plans to launch an INR9.87 billion ($200 million) fund, which will invest in real estate projects in the seven top cities in India.
IL&FS signs off five real estate part-exits in 4Q
IL&FS Investment Managers (IIML) completed partial exits from five of its investments in Indian real estate in the fourth quarter of 2011. It also invested INR7.7 billion ($154 million) in the three months to December 2011.
3i India invests $61m in Supreme Infrastructure
3i India will pay $61 million for a minority stake in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company. The private equity firm will take a 49% stake in SIIL's subsidiary Supreme Infrastructure...
Nomura postpones India infrastructure fund - sources
Japanese financial group Nomura Holdings has postponed its plans to launch a $500 million India-focused infrastructure fund due to the uncertain economic environment.
GA invests $125m in India’s Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.
IL&FS Private Equity buys IL&FS Energy stake for $44m
IL&FS Private Equity, has invested INR2.3bn ($44 million) for a stake in Indian power generation firm IL&FS Energy Development. The two parties have the same parent company.
GCA to invest $200m in India
San Francisco-based private equity firm Gerken Capital Associates (GCA) has announced that it intends to begin investing in the Indian market with an initial commitment of $200 million.
Warburg Pincus-backed port seeks expansion into Australia
Gangavaram Port, the Warburg Pincus-backed owner of India's deepest seaport, is reportedly in talks to acquire several operational seaports in Australia and Africa.